Krugman

Archive for Krugman

Niall Ferguson vs. Krugtron the Vincible (sic), Part I

Niall Ferguson has apparently started a series at HuffPo, documenting Paul Krugman’s botched predictions over the last several years. (In case you don’t know, Krugman has been absolutely vicious against NF for years now.) Obviously I am predisposed to love such an endeavor, and what’s really great is that Ferguson catches some things that I […]

Krugman Points Out His Inconsistency on Default Risk Better Than I Could Have Done

I recently pointed out that Krugman’s September 25 commentary on the possibility of a US government default was at odds with his pooh-poohing of a debt crisis caused by bond vigilantes. I don’t think people really saw just how badly Krugman had painted himself into a corner, so I had planned on doing a mock […]

A Tale of Two Krugmans

When it comes to investors worrying about the federal government paying its debts, Krugman says it is the best of times, and the worst of times, depending on whether it’s due to big-spending liberal Democrats (best of times) or budget-slashing conservative Republicans (worst of times). When writing a somewhat technical piece in November 2012 about […]

ObamaCare Is Just a Stepping Stone to Nationalized Health Care

Home Depot joins the list of employers cutting back on medical coverage for their workers as ObamaCare looms. This should not be surprising: It is a logical consequence of the incentives set up by the scheme, just as surely as colleges are now cutting back on the courses they offer, in order to keep more […]

My Final (We Hope!) Word on Paul Krugman and Inflation Predictions

In my last post, I suggested that Paul Krugman has not been entirely candid with his readers on the issue of how economists from the Keynesian versus rival camps predicted the movement of prices as the recession struck. Yes yes, the Austrian purists don’t like to even talk about this stuff, but it’s Krugman’s only […]

Things Don’t Look Good for Those Fixated on Aggregate Demand

First let me relay Peter Klein’s take on the Fed’s non-taper announcement: The above is a good summary of the Rothbardian view on our current situation. Now, there have been some developments in just the last week or so that, in a just world, would cause severe angst in the psyches of those who have […]

Which Economists Predicted the Sluggishness of the Economic Recovery?

Earlier this week Paul Krugman was patting himself on the back for predicting years ago that the economy would not bounce back quickly from our slump. After quoting himself from 2008 talking about how this slump was different from the V-shaped ones of the past, Krugman (writing two days ago) says: That’s from early 2008, […]

The Intellectual Bankruptcy of (Mainstream) Macroeconomics

I borrowed that title from Russ Roberts (but inserted the qualifier “mainstream” since, of coure, I love how the Austrians do “macro” topics like business cycle theory). You may recall that Russ was the inspiration for my recent post where I chortled over (what Russ and I thought was) a clearly botched prediction from Krugman […]